Marriott raises annual profit on rebounding demand in China
(Reuters) – Marriott International Inc raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher…
Norwegian Cruise forecasts downbeat profit as higher costs hit; shares plunge
(Reuters) – Norwegian Cruise Line on Tuesday forecast downbeat third-quarter profit after a strong second quarter, as elevated costs offset…
HSBC rides rising rates to double its income, launches $2 billion share buyback
(Reuters) – HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as…
Pfizer considers cost cuts as demand for COVID products wanes
(Reuters) – Pfizer will launch a cost-cutting program if demand for its COVID-19 products keeps underperforming expectations this fall, the…
Ford revs up electric truck output, testing mainstream EV demand
(Reuters) – Ford said Tuesday it has restarted assembly of its F-150 Lightning electric truck and is now driving to…
Aussie set for biggest one-day drop since March, yen at 3-week low
(Reuters) – The Australian dollar fell sharply on Tuesday after the Reserve Bank of Australia left cash rates unchanged, while…
Oil steadies near three-month high on tighter supplies
(Reuters) -Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and demand growth in the…
Oppenheimer says take advantage of Target dips
Oppenheimer analysts told investors in a note previewing Target ‘s (NYSE:TGT) upcoming earnings that the firm is positive on the…
Marathon Petroleum quarterly profit slumps 63% on lower refining margins
(Reuters) – U.S. refiner Marathon Petroleum Corp (NYSE:MPC) reported a 63% drop in second-quarter profit on Tuesday, as improved fuel…
Wall St set to open lower ahead of manufacturing, jobs data
(Reuters) – Wall Street was set to open lower on Tuesday ahead of economic data that could clear the air…